Oahu home sales and prices are up in June, according to the latest analysis by the Honolulu Board of Realtors released Monday.
There were 279 sales of single-family homes, up by 12.5 percent when compared to the same month last year.
The median single-family home price was $620,000, climbing by 10.2 percent from June 2011.
But, condominium sales and prices were down in June of 2012.
There were 342 condo sales last month, down 3.4 percent from June of last year.
The median condo price was $297,000, sliding 1.3 percent from the same month in 2011.
According to the Days on Market indicator, sales for single-family homes were accepted at a slower pace last month compared to a year ago, with single-family properties listing for 35 days; condominiums were accepted in a shorter amount of time, listing for just 30 days.
"Single-family homes sales were particularly strong in June, while condominium sales were consistent with June 2011," said Joe Paikai, president of the Honolulu Board of Realtors. "We’re optimistic about the remainder of the summer thanks to dramatic increases in pending sales for both condo and single-family homes."